Waterfront Miami Beach double-lot previously linked to Zach Vella sells for $25M
A waterfront double-lot on the Venetian Islands in Miami Beach sold for $24.5 million, signaling increased interest in undeveloped residential land. The property, previously tied to developer Zach Vella, sold with plans designed by SAOTA for an 11,000-square-foot mansion, according to the listing. Records show 228 West Dilido, a Delaware LLC managed by attorney John Penson, sold the half-acre site at 228 and 302 West Dilido Drive. Penson’s name also appears as the lender’s representative under Miami Beach-based Asset Recovery Services. Vella planned to develop the SAOTA-designed home. The approved plans include a six bedrooms, eight bathrooms, four half-baths, a […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
“Reckless”: Lawsuit accuses Madison Realty of negligence and financial mismanagement at downtown Miami condo-hotel tower
Hip hop mogul Rick Ross adds “developer” to resume in Miami Gardens
Florida REIT accused of fraud, spending investor money on jets, jewelry, gun ranges, adult clubs
Top permits: $44M condo reno, massive Baptist hospital expansion
Lender makes $40K credit bid for foreclosed Broward beach resort
Multifamily is back. Or is it? Oversupply lessens but vacancies, pipeline still high
South Florida’s top deals: Sketchers co-founder picks up Miami home for $11M
Pinnacle scores $41M financing for senior affordable housing in growing market
Baron nabs $227M refi for Hialeah rental complex as nearby development advances
Billionaire Larry Ellison expands Manalapan estate with $34M land buy
